future and this is especially true when it comes to currency because we'd really

like to know where the Australian dollar is going to go. It could be because

you're about to travel overseas or if you want to make transfers for your

business or even if you're just interested in foreign exchange in

general. Whatever your reason this video will look at whether the Australian

dollar could go up, what's impacting it and where it could be by the end of 2019.

Let's get into it. Let's find out what the big four banks are actually

forecasting by the end of 2019. First up ANZ. Their current forecast see the

Australian dollar remaining around the 70 cents mark by the end of 2019. Similar

to both negative expectations last year. Westpac has a similar expectation but

over the course of 2019 the dollar will slowly decline to 70 cents by the end of

the year. CBA and NAB are much more optimistic. Both expect the Australian

dollar to rise gradually towards 75 US cents by 2019 and that's more than 5%

optimistic than the other banks. The first question is always going to be

around whether the Australian dollar is going to go up. Since have spent the

latter part of 2018 fall into two year lows it's a fair point. Major Australian

banks are pretty pessimistic about the Aussie going up by the end of 2019. Let's

have a look at the three circumstances that would mean it won't change that

much. Firstly increased interest rates and easing political risk in the USA

would support the US dollar making it harder for the Aussie to strengthen.

Secondly if interest rates say the same in Australia which is likely if the

economy falters or if inflation only grows slowly, the dollar is again

unlikely to rise. Finally if economic growth slows in

China it would lower the demands for our

commodities and in turn our dollar. The banks aren't saying that all three of

these things are going to happen they are just the most likely circumstances

that would mean the Aussie wouldn't go up. Now in general there is the

perception that a lower dollar is a bad thing and in some ways it can be, but

there are also a lot of advantages to having a lower dollar. From a consumer

point of view it means it's cheaper to transfer money into the country and it's

cheaper to exchange foreign currency into Australian dollars and from a

bigger picture point of view it's good for a number of industries. For example

it becomes cheaper for foreigners to travel to Australia which is good for

tourism and it becomes cheaper to export goods which impacts a number of

industries like agriculture and mining.

The Australian dollar is generally spoken about in regards to the US dollar

but if you're specifically interested in another currency we have you covered.

Keep an eye on our channel for videos relating to the Pound, the New Zealand

Dollar the Euro and the US dollar.

If you have any more questions or thoughts about the Australian Dollar you

can leave them in the comments below and if you do need to transfer money

overseas or into Australia you can use our comparison table to compare large

reputable and secure money transfer companies in one place.